Alterna Financial Inclusion Funding Program 2025 (Maximum $20,000)
Deadline: May 30, 2025
The Alterna Financial Inclusion Granting Program 2025 is now accepting applications. The program provides funding of up to $20,000 to registered charities, incorporated nonprofits, co-operatives without share capital, and unincorporated associations (with sponsorship from an eligible incorporated organization) that develop innovative initiatives to improve financial inclusion and education in underserved communities. Priority is given to projects with potential for scaling or replication and partnership with Alterna.
Alterna is pleased to announce that applications are now being accepted for the 2025 edition of the Alterna Financial Inclusion Granting Program. This annual initiative is designed to provide vital funding opportunities to organizations working to improve financial inclusion and financial literacy within underserved communities.
About the Program
The Alterna Financial Inclusion Granting Program aims to support registered charities, incorporated nonprofits, co-operatives without share capital, and unincorporated associations that have a positive impact on their communities. The program seeks to fund innovative initiatives that address challenges related to financial inclusion and education, especially those with potential for scaling or replication in other communities.
Through this program, organizations can apply for grants of up to $20,000 to help implement or expand their projects. The goal is to empower community organizations to develop and deliver impactful programs that promote equitable access to financial resources and knowledge.
Eligibility Criteria
The program is open to:
– Registered charities
– Incorporated nonprofit organizations
– Co-operatives without share capital
– Unincorporated associations (must have a sponsorship arrangement with an eligible incorporated organization)
Incorporated organizations must submit a letter of support from their sponsoring organization with the application. The cheque for the grant will be issued directly to the sponsoring incorporated organization.
To be eligible, sponsor organizations must provide:
– Articles of Incorporation, Letters Patent, or proof of charitable status
– Confirmation that they are a recognized incorporated entity
Please note that Alterna will only issue grant funds to incorporated groups. While membership in Alterna is not a mandatory requirement for application consideration, preference will be given to member organizations.
Application Process
The application process consists of several steps designed to evaluate the potential impact and feasibility of proposed initiatives:
Step 1: Letter of Inquiry (LOI)
Organizations interested in applying should submit a maximum two-page Letter of Inquiry that outlines their idea or program. The LOI should clearly describe the initiative’s objectives, target community, and how it aligns with the goals of financial inclusion and education.
Step 2: Invitation to Submit Full Proposal
Alterna’s Community Impact Department will review all LOIs. A select number of organizations will be invited to submit a detailed full Proposal for funding consideration.
Step 3: Proposal Submission
Invited organizations must submit a comprehensive Proposal that expands upon the LOI. This document should include detailed information about the initiative’s activities, implementation plan, expected outcomes, and how it might be scaled or replicated in other communities.
Step 4: Review and Evaluation
All submitted Proposals will undergo review by an internal committee of Alterna employees. The evaluation will focus on several key criteria, including the potential for scalability or replication, the anticipated impact, and measurable results.
Step 5: Grant Announcement
Alterna will notify all applicants of the outcome of their submissions before announcing the successful recipients. The winners will be publicly announced during Financial Literacy Month in November through Alterna’s communication channels.
Additional Information
For detailed guidance on preparing your application, please refer to the Application Guidelines document provided by Alterna. It is essential that all application materials are complete and adhere to the outlined requirements to ensure consideration.
If you are interested in applying or require further information, please submit your completed application to [email protected].
We look forward to supporting innovative initiatives that promote financial inclusion and literacy in communities across the region.
Letter of Inquiry deadline: Friday, May 30, 2025, at 11:59 pm ET while the Proposal deadline: Monday, June 30, 2025, at 11:59 pm ET.
In conclusion, the Alterna Financial Inclusion Granting Program offers a valuable opportunity for community organizations dedicated to advancing financial literacy and inclusion. By providing funding and support for innovative, scalable projects, the program aims to create lasting impacts in underserved communities. We encourage eligible organizations to take advantage of this initiative by submitting their Letters of Inquiry and proposals, helping to foster greater financial equity and empowerment. Together, through collaborative efforts and innovative solutions, we can work towards a more inclusive financial future for all.
For more information, visit Alterna Financial Inclusion Granting Program.